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(NPR)   While everyone has been arguing over whether the Boston Marathon bombings were done by home-grown terrorists or Islamists, Congress quietly signs a law to repeal the ban on Insider Trading for Congress   (npr.org ) divider line
    More: Asinine, Boston Marathon, Islamists, congresses, Majority Leader Eric Cantor, repeal, Public Citizen  
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9242 clicks; posted to Main » on 17 Apr 2013 at 8:18 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2013-04-17 08:20:16 AM  
5 votes:
And they'll get away with it, too. When are we going to get the pitchforks and torches and put these assholes out to pasture?
2013-04-17 08:21:31 AM  
4 votes:
And people will still vote for these assholes...
2013-04-17 08:24:22 AM  
3 votes:
It's not even just congress--the farking president signed it.

The major difference I find between democrat and republican lawmakers (not voters) is that Republicans seem to not even try to Hide the fact they are mostly there to help out their rich buddies and companies.
2013-04-17 08:36:09 AM  
2 votes:
And yet our leaders wonder why people would feel so disenfranchised that they would be motivated to set off bombs in a public place.
2013-04-17 08:36:00 AM  
2 votes:

secularsage: They gutted the STOCK act. They didn't repeal it.

Still, this is one of those sneaky, ugly things that makes younger people lose faith in government to the point that they no longer care. The game is so incredibly rigged that it's easy to be apathetic.


I worked as a lobbyist for two-and-a-half years.  Eyes opened.  I don't think anyone but a stark raving mad idiot can do that and remain blindly partisan.  The two parties are both a) incredibly corrupt and b) have some really great people associated with them.
2013-04-17 08:31:03 AM  
2 votes:
They gutted the STOCK act. They didn't repeal it.

Still, this is one of those sneaky, ugly things that makes younger people lose faith in government to the point that they no longer care. The game is so incredibly rigged that it's easy to be apathetic.
2013-04-17 08:54:15 AM  
1 vote:
Hey you farking sheep - How are those republicans and democrats working out for you?
2013-04-17 08:36:38 AM  
1 vote:

pxlboy: And they'll get away with it, too. When are we going to get the pitchforks and torches and put these assholes out to pasture?


There will be no revolution until the food runs out, sadly.  When the peasants can't eat tacos, pizza, or triple bacon cheeseburgers, the people will descend  on Washington like a fleet of interstate buses.
2013-04-17 08:35:18 AM  
1 vote:
The opposite of Progress is Congress.
2013-04-17 08:32:10 AM  
1 vote:
Reading is good for you, subby. You should practice it more often.

No. They did not repeal the ban on insider trading.

FTA: "Still, two major elements of the law remain. Insider trading is illegal, even for members of Congress and the executive branch. And for those who are covered by the now-narrower law, disclosures of large stock trades are required within 45 days. It will just be harder to get to them."

They changed the transparency aspect of the law.
2013-04-17 08:30:09 AM  
1 vote:

van1ty: http://en.wikipedia.org/wiki/R._Foster_Winans

Insider trading laws are farked up to begin with.  This guy had ZERO insider knowledge and only picked stocks for a newspaper column.  He spent two years in jail for telling a friend in advance what stocks he was picking, as invariably after the articles were published the stock prices would go up.


Yes.  He told somebody else about information that would alter the value of investments before that information was available to the general public and he made money on the deal. That guy acted on the information and thus made money buying the picks before the average investor could be aware

That IS and SHOULD BE a crime.
2013-04-17 08:27:45 AM  
1 vote:

TimonC346: It's not even just congress--the farking president signed it.

The major difference I find between democrat and republican lawmakers (not voters) is that Republicans seem to not even try to Hide the fact they are mostly there to help out their rich buddies and companies.


Democrats are pretty brazen about it too.  They just have better marketing.  FFS, Pelosi appointed as Chair to the Judiciary Committee a guy who solicited (not just accepted, he went out and actively solicited) bribes while serving as a Federal judge.

The only thing worse than our system is the alternative, I guess.
2013-04-17 08:24:59 AM  
1 vote:

van1ty: Reading comprehension fail, 9 months in federal prison.


Doh. Can we still do the pitchforks and torches party?

/haven't had my coffee yet
2013-04-17 08:24:40 AM  
1 vote:
Before I decide if this is good or bad, I need to know if a higher proportion of Democrats voted for this or a higher proportion of Republicans.
2013-04-17 08:22:48 AM  
1 vote:
http://en.wikipedia.org/wiki/R._Foster_Winans

Insider trading laws are farked up to begin with.  This guy had ZERO insider knowledge and only picked stocks for a newspaper column.  He spent two years in jail for telling a friend in advance what stocks he was picking, as invariably after the articles were published the stock prices would go up.
2013-04-17 08:22:25 AM  
1 vote:
Good, the less they have to worry about money, the more effort they can put into doing what is right for our country.  I hope the next thing they do is give themselves raises so they can put even more effort into doing what is right for the country.
 
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